S. Korea to negotiate with striking truckers again


Union officials say the gap between the two sides is too wide to reach a compromise. About 25,000 union drivers are striking over minimum wage rules.

SEOUL: South Korea will meet striking truckers for more negotiations as concerns rise over shortages of petrol, pricier groceries and economic damage, and the government-invoked law forcing 2,500 cement industry drivers back to work.

Union officials told Reuters the gap between the two sides is too wide to reach a compromise. About 25,000 union drivers are striking over minimum wage rules.

It is the second strike in less than six months and is causing daily losses of an estimated 300 billion won (US$224mil or RM1bil), disrupting industrial activity in Asia’s fourth-largest economy, which is set to slump next year.

As of Tuesday, 21 petrol stations had run dry, the industry ministry said. Petrol stations nationwide had an average of about eight days’ supply as they secured stock before the strike, but stations with high turnover in the Seoul metropolitan area are experiencing shortages.

Out of 985 construction sites nationwide operated by 46 construction companies that submitted reports on Tuesday, work at 59%, or 577 sites, had been suspended because of a lack of supplies.

President Yoon Suk-yeol on Tuesday called the drivers’ demands “unreasonable” and said the government would take “every possible measure” to end the strike.

Union leaders have been angered by the government’s “start work” directive, which requires drivers to get back on the road, saying that the move was “unconstitutional” and that they would take legal action against the order.

If cement transport workers do not comply with the start-work order, the government can suspend their transport licences for 30 days, then revoke them. — Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SouthKorea , truckers , strike , union , Yoon , negotiations

   

Next In Business News

Chinese knockoff raid jolts a throng of fake-fashion influencers
Nasdaq, S&P set to open higher on tech boost, earnings glee
Sasbadi reports highest ever quarterly revenue
Aneka Jaringan leverages order book for growth
Chin Hin Group to develop two lands with combined GDV of RM1.08bil
CLMT 1Q net profit rises to RM33.49mil on higher occupancies, positive rental reversions
Ringgit ends marginally lower on firmer US dollar index
MoF: Govt to establish high-level facilitation platform to oversee potential, approved strategic investments
Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang

Others Also Read